I remain disappointed with the performance of the long-term value portfolio. Since inception earlier this year, the portfolio is up 1.4% versus a gain of 4% on the S&P 500 over the comparable time period. This 2.6% deficit is about 40 basis points improved over last week, as the portfolio gained on 0.9% versus a 50 basis point increase on the market.
(Marketocracy's graphing function is down. The chart will be added once it is available. )
Looking at the attribution analysis of the portfolio, the largest drags on performance have come from the materials, energy, and consumer staples sector. The performance of the portfolio has been dominated by industrials and consumer discretionary.
(Marketocracy's graphing function is down. The chart will be added once it is available. )
Looking at the attribution analysis of the portfolio, the largest drags on performance have come from the materials, energy, and consumer staples sector. The performance of the portfolio has been dominated by industrials and consumer discretionary.
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